Published August 25, 2015 at 9:04 PM Updated September 8, 2015 at 1:01 PM

The world’s coal industry is struggling. An oversupply and slowing demand have caused prices to plummet. That’s not only impacting coal companies – but also countries like Australia which rely heavily on coal exports.

CCTV’s Greg Navarro filed this report.

Australia struggling from less global coal demand

Australia struggling from less global coal demand

The world's coal industry is struggling. An oversupply and slowing demand have caused prices to plummet. That's not only impacting coal companies but also countries like Australia which rely heavily on coal exports. CCTV's Greg Navarro filed this report.